Wilbanks Smith & Thomas Asset Management LLC boosted its position in shares of Sherwin-Williams Company (The) (NYSE:SHW) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,150 shares of the specialty chemicals company’s stock after purchasing an additional 31 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Sherwin-Williams Company (The) were worth $755,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC bought a new position in Sherwin-Williams Company (The) during the 2nd quarter worth about $100,000. American Beacon Advisors Inc. bought a new position in Sherwin-Williams Company (The) during the 1st quarter worth about $106,000. Peddock Capital Advisors LLC bought a new position in Sherwin-Williams Company (The) during the 2nd quarter worth about $123,000. Parallel Advisors LLC increased its holdings in Sherwin-Williams Company (The) by 2.6% during the 1st quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 11 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Sherwin-Williams Company (The) by 7.3% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock worth $145,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 73.82% of the company’s stock.

Shares of Sherwin-Williams Company (SHW) traded down 0.38% during trading on Wednesday, hitting $380.02. The stock had a trading volume of 92,746 shares. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $383.64. The firm has a 50-day moving average of $350.84 and a 200 day moving average of $340.51. The company has a market capitalization of $35.50 billion, a P/E ratio of 141.27 and a beta of 1.22.

Sherwin-Williams Company (The) (NYSE:SHW) last posted its earnings results on Thursday, July 20th. The specialty chemicals company reported $4.52 EPS for the quarter, missing the consensus estimate of $4.54 by ($0.02). The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.83 billion. Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 earnings per share. Equities research analysts predict that Sherwin-Williams Company will post $14.75 earnings per share for the current fiscal year.

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SHW has been the subject of a number of research reports. Robert W. Baird reiterated a “buy” rating and set a $375.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, September 1st. Morgan Stanley set a $425.00 target price on Sherwin-Williams Company (The) and gave the stock an “overweight” rating in a report on Wednesday, October 4th. Citigroup Inc. reiterated a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a report on Friday, June 23rd. KeyCorp reiterated an “overweight” rating and set a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a report on Wednesday, October 4th. Finally, Longbow Research reiterated a “buy” rating and set a $440.00 target price (up previously from $400.00) on shares of Sherwin-Williams Company (The) in a report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $392.49.

Sherwin-Williams Company (The) Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Institutional Ownership by Quarter for Sherwin-Williams Company (The) (NYSE:SHW)

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